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Indian Soybean Arrivals Decline as Plant Rates Stabilize

19 Jun 2024 1:50 pm
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Mumbai, June 19 (Commodities Control) - The Indian soybean market is experiencing a notable decline in arrivals due to stable plant rates.

Total soybean arrivals across the country have reached 230,000 bags, with Madhya Pradesh, the leading soybean producer in the country, contributing 100,000 bags. Maharashtra reported a substantial arrival of 100,000 bags, while Rajasthan reported 15,000 bags. The remaining states collectively accounted for an additional 15,000 bags in cumulative arrivals.


Various mandis across the country have witnessed variations in soybean prices, reflecting regional dynamics. In Madhya Pradesh, soybean prices ranged from Rs 4,350 to Rs 4,575 per quintal. Maharashtra observed price fluctuations, hovering between Rs 4,300 and Rs 4,550 per quintal, while Rajasthan reported prices ranging from Rs 4,400 to Rs 4,550 per quintal.


Turning our attention to soybean plant prices, Madhya Pradesh reported prices in the range of Rs 4,575 to Rs 4,675 per quintal. In Maharashtra, plant prices displayed variability, fluctuating between Rs 4,575 and Rs 4,650 per quintal. In Rajasthan, plant prices were recorded in the range of Rs 4,575 to Rs 4,650 per quintal.
*(By Commoditiescontrol Bureau: +91-98201 30172)*

       
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